nep-dcm New Economics Papers
on Discrete Choice Models
Issue of 2010‒01‒30
one paper chosen by
Philip Yu
Hong Kong University

  1. Incomplete Preferences in Choice Experiments: A note on avoidable noise and bias in welfare estimates By Mitesh Kataria; Jason F. Shogren

  1. By: Mitesh Kataria (Max Planck Institute of Economics, Strategic Interaction Group, Jena); Jason F. Shogren (University of Wyoming, Department of Economics and Finance, Laramie)
    Abstract: How does a choice experiment (CE) model derived under standard preference axioms perform for respondents with incomplete preferences? Using simulated data, we show how such miss-specification results in unnecessary noise and bias in welfare estimates, and can be avoided.
    Keywords: Choice experiment, Ordered Logit, Bias, Preference Axioms
    JEL: D61 Q51
    Date: 2010–01–15

This nep-dcm issue is ©2010 by Philip Yu. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.